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Homotheticity, duality and efficiency measures

Juan Muro () and Joaquín Vera
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Joaquín Vera: Universidad Autónoma de Madrid.

No 1301, Alcamentos from Universidad de Alcalá, Departamento de Economía.

Abstract: As a result of the duality of cost and distance functions the efficiency of cost-minimizing behaviour can be compared to shadow-prizing behaviour, and conversely. In this framework we outline the form that dual efficiency measures, Muro (1982), Muro and Vera (1983), adopt for homothetic and linearly homogeneous technologies. To illustrate the subject we provide a numerical example for a technology described by a translog cost function.

Keywords: Homothetic technologies; linearly homogeneous technologies; efficiency measures; scale measures; duality theory; polar forms. (search for similar items in EconPapers)
JEL-codes: D24 (search for similar items in EconPapers)
Pages: pages 16
Date: 2013
New Economics Papers: this item is included in nep-eff
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